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Frans van Houten

Philips reported third quarter results

6 mins read

The FINANCIAL — Philips delivers Q3 sales of EUR 5.0 billion, with 10% comparable sales growth; income from continuing operations increases to EUR 341 million, Adjusted EBITA margin improves 300 basis points to 15.4%, and operating cash flow increases to EUR 770 million. Third-quarter highlights Sales amounted to EUR 5.0 billion, with 10% comparable sales growth Comparable order intake increased 3% excluding the partial termination of the ventilator contract with HHS*); reported comparable order intake declined 18% Income from continuing operations increased to EUR 341 million, compared to EUR 211 million in Q3 2019 Adjusted EBITA margin increased to 15.4%…

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Philips reported third quarter results

6 mins read

The FINANCIAL — Philips delivers Q3 sales of EUR 5.0 billion, with 10% comparable sales growth; income from continuing operations increases to EUR 341 million, Adjusted EBITA margin improves 300 basis points to 15.4%, and operating cash flow increases to EUR 770 million. Third-quarter highlights Sales amounted to EUR 5.0 billion, with 10% comparable sales…